[Foundation-l] Update of the Gift Policy

[Florence Devouard]

The board passed a resolution, which reads as

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The mission of the Wikimedia Foundation is one of public benefit. 
Accordingly, the Foundation intends to operate as a publicly supported 
charity under Internal Revenue Service regulations, and financial 
support should come from a diversity of sources. If substantial 
financial support comes from a specific source, the Foundation should 
ensure that this support does not compromise the Foundation’s mission, 
create implied obligations, or result in financial dependence on that 
source. In light of these principles, the gift policy is hereby revised 
to read:

“Policy on the Receipt of Gifts …

3. An offer of a gift, if any part of the gift would not be qualifying 
support under the applicable tests for public support, shall be subject 
to review by the Board of Trustees. This includes unusual grants and 
other gifts in excess of the limits for qualifying support. The gift may 
be accepted or returned at the direction of the Board. The Board may 
also direct that all or a portion of the gift be set aside for a capital 
endowment, rather than being used for operating expenses.
Contributions from other publicly supported charities are not subject to 
this limitation. For purposes of this provision, contributions made by a 
donor and any person in a special relationship to the donor are 
considered made by one person.”


http://wikimediafoundation.org/wiki/Resolution:Update_of_Gift_Policy_-_january_08

http://wikimediafoundation.org/wiki/Gift_Policies

Florence Devouard